Michigan City, IN 46360,1416 Franklin ST
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Michigan City, IN 46360,1416 Franklin ST
Michigan City, IN 46360,1416 Franklin ST
Michigan City, IN 46360,1416 Franklin ST
Michigan City, IN 46360,1416 Franklin ST

$337,000

Est. payment /mo

$469,900

28.3%
Est.Price: ?

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1416 Franklin ST Michigan City, IN 46360

10,468 SqFt

SOLD DATE : 12/15/2022

Key Details

Sold Price $337,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Square Footage 10,468 sqft

Price per Sqft $32

Subdivision Land Cos Add/Michigan City

MLS Listing ID 513358

Year Built 1862

Lot Size 0.420 Acres

Property Sub-Type Office

Property Description

Price Reduction!!Location, location, location! Large commercial investment opportunity awaits. Located three blocks from the Fast Track train station that is currently under construction. Current office renter has rented for nearly 20 years. Current office rent is $1750 per month. 2bd/1 bath apartment is rented @ $650 per month. Current annual combined rental income $28,800. Additional rental potential for another office with client entrance on Ripley St. With division of the warehouse, there is a possibility for 1-2 businesses. Warehouse has 1 loading dock & an overhead door. Warehouse has 2 front entrances on Ripley St. Warehouse also has a dry basement. There is also a billboard located on Franklin St to rent for addition income.

Location

State IN

County La Porte

Zoning Business

Interior

Heating Natural Gas

Exterior

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Building

Lot Description Corner Lot

Others

Acceptable Financing NRA20240111125632946815000000

Listing Terms NRA20240111125632946815000000

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Trueblood Real Estate

Trueblood Real Estate

+1(317) 513-1395

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Century 21 Circle
Bought with Century 21 Circle
Trueblood Real Estate

Trueblood Real Estate

Brokerage | RB14046098

+1(317) 513-1395

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